Shepherd Insurance
AI-native managing general underwriter bringing speed, precision, and intelligence to commercial construction and AI infrastructure insurance.
Overview
Shepherd is a managing general underwriter specializing in commercial construction and AI infrastructure insurance through proprietary AI-powered underwriting technology. The company addresses the traditional insurance market's inefficiency by compressing multiweek underwriting processes into hours through real-time construction data integrations, autonomous AI underwriting, and deep industry expertise. Shepherd writes commercial general liability, excess casualty, and builder's risk coverage for construction contractors, builders, and project owners.
The company partners with carriers to provide binding authority for general liability and excess casualty programs, with coverage scaled for both individual projects and annual portfolio structures. With over 1,500 policies issued and $400 billion in insured volume, Shepherd has demonstrated substantial market traction since Series A funding in February 2024.
Shepherd has expanded into builder's risk insurance (launched April 2025) and renewable energy and power verticals. The company also operates Shepherd Compliance, an AI-powered software platform using large language models to automate certificate and endorsement tracking, available free to all policyholders.
Products & Services
Commercial General Liability
Essential coverage for construction contractors and builders, providing protection against bodily injury, property damage, and legal liability claims arising from construction operations.
Key Features
- Per-project and per-occurrence limits
- Integrated real-time construction data for risk assessment
- Fast underwriting (12-hour average vs. weeks for traditional processes)
- Digital policy delivery and compliance tracking
Target Users: Commercial construction contractors, builders, and project owners
Distribution: Wholesale through retail brokerages
Excess Casualty Insurance
Enhanced protection for larger and more complex construction risks requiring higher coverage limits and specialized underwriting expertise.
Key Features
- Elevated limits for high-value projects
- Portfolio-level annual programs available
- AI-powered risk assessment
- Flexible renewal and pricing
Target Users: Mid-market to enterprise-scale construction companies and project portfolios
Distribution: Wholesale through retail brokerages
Builder's Risk Insurance
First-party property coverage for construction materials, equipment, and structures during the build phase. Launched in April 2025 to expand Shepherd's product portfolio.
Key Features
- Coverage for materials and equipment on construction sites
- Integration with real-time site visibility (OpenSpace, DroneDeploy)
- Rapid quote-to-bind workflow
- Digital completion reporting
Target Users: Project owners and general contractors
Distribution: Wholesale through retail brokerages
Shepherd Compliance
An AI software solution leveraging large language models to automate certificate and endorsement tracking for construction projects. Integrates with project management platforms such as Procore to streamline vendor compliance reviews and reduce manual documentation processing.
Key Features
- Automated PDF-based document processing
- Vendor compliance tracking and alerts
- Procore integration for project workflows
- Available free to all Shepherd policyholders
Target Users: Construction project managers, general contractors, and Shepherd policyholders
Distribution: Included with Shepherd insurance policies; available as standalone SaaS
At a Glance
- Founded
- 2021
- Headquarters
- San Francisco, California
- Employees
- 11-50
Category & Focus
Last updated: 2026-06-17